You will be redirected back to your article in seconds

Bona Film Group gets $20 million credit line

East West Bank funds Chinese distrib-producer

Bona Film Group has secured a $20 million revolving credit facility from East West Bank in what’s perhaps the first instance of a Chinese company borrowing U.S. money to make and acquire multiple films.

Deal, announced in a release Thursday, will allow Bona to fund upcoming productions and acquire Chinese distribution rights to international films.

“Securing this financing speaks to the strength of our business and strong relationships with international financial institutions,” said Bona CFO Amy Xu. “The additional capital provided under this credit facility will enable us to continue bringing high-quality, commercially successful films to moviegoers in China and abroad, and we look forward to a long-term working relationship with East West Bank.”

With a mandate to work with companies based in U.S. and China, East West has lent to individual Chinese productions before. But even that is unusual for U.S. lenders, many of which have neither licenses to operate nor offices in China.

That speaks to the larger issue facing Hollywood companies looking for entry into the booming Chinese market: How do investors, studio executives and banks navigate a landscape where distinguishing between real and less real opportunities can be difficult?

Bona’s shares have somewhat underperformed since it listed on Nasdaq in 2010, but the company has worked on its transparency to lure overseas investors.

The company sold a 19.9% stake to News Corp. in May, five months before Bona inked a modest one-to-two picture deal with the conglom’s Fox Intl. subsidiary. That’ll take advantage of Bona’s distribution operations, which unspool movies in Greater China, Southeast Asia, the U.S. and Europe. Company also invests and produces films in a variety of genres and owns and operates 15 movie theaters.

More Film

  • No Merchandising. Editorial Use Only. No

    Box Office: 'A Quiet Place' Back on Top, 'Super Troopers 2' Smokes Projections

    Bona Film Group has secured a $20 million revolving credit facility from East West Bank in what’s perhaps the first instance of a Chinese company borrowing U.S. money to make and acquire multiple films. Deal, announced in a release Thursday, will allow Bona to fund upcoming productions and acquire Chinese distribution rights to international films. […]

  • 'The Night Eats the World' Review

    Tribeca Film Review: 'The Night Eats the World'

    Bona Film Group has secured a $20 million revolving credit facility from East West Bank in what’s perhaps the first instance of a Chinese company borrowing U.S. money to make and acquire multiple films. Deal, announced in a release Thursday, will allow Bona to fund upcoming productions and acquire Chinese distribution rights to international films. […]

  • Bradley Cooper Robert De Niro

    Bradley Cooper on His Secret Pact With Lady Gaga for 'A Star is Born'

    Bona Film Group has secured a $20 million revolving credit facility from East West Bank in what’s perhaps the first instance of a Chinese company borrowing U.S. money to make and acquire multiple films. Deal, announced in a release Thursday, will allow Bona to fund upcoming productions and acquire Chinese distribution rights to international films. […]

  • The seagull

    Tribeca Film Review: 'The Seagull'

    Bona Film Group has secured a $20 million revolving credit facility from East West Bank in what’s perhaps the first instance of a Chinese company borrowing U.S. money to make and acquire multiple films. Deal, announced in a release Thursday, will allow Bona to fund upcoming productions and acquire Chinese distribution rights to international films. […]

  • Verne TroyerStarkey Hearing Foundation Awards Gala,

    Verne Troyer, Mini-Me in 'Austin Powers,' Dies at 49

    Bona Film Group has secured a $20 million revolving credit facility from East West Bank in what’s perhaps the first instance of a Chinese company borrowing U.S. money to make and acquire multiple films. Deal, announced in a release Thursday, will allow Bona to fund upcoming productions and acquire Chinese distribution rights to international films. […]

  • 'Greatest Showman' Tops Disc Sales Charts

    'Greatest Showman' Tops Disc Sales Charts as 'Last Jedi' Slips to No. 2

    Bona Film Group has secured a $20 million revolving credit facility from East West Bank in what’s perhaps the first instance of a Chinese company borrowing U.S. money to make and acquire multiple films. Deal, announced in a release Thursday, will allow Bona to fund upcoming productions and acquire Chinese distribution rights to international films. […]

  • Stockholm review

    Tribeca Film Review: Ethan Hawke in 'Stockholm'

    Bona Film Group has secured a $20 million revolving credit facility from East West Bank in what’s perhaps the first instance of a Chinese company borrowing U.S. money to make and acquire multiple films. Deal, announced in a release Thursday, will allow Bona to fund upcoming productions and acquire Chinese distribution rights to international films. […]

More From Our Brands

Access exclusive content